-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, EWukaJuuabC4gnRKJuMYhl0+q+NbEkLdf8u/lHxmF7TX+j7OUTHqTDEB+UsTBLPl vbHuy4rJKw/v3JwjQCmQ7g== 0001171520-03-000217.txt : 20030807 0001171520-03-000217.hdr.sgml : 20030807 20030807172218 ACCESSION NUMBER: 0001171520-03-000217 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030806 FILED AS OF DATE: 20030807 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: CAWTE J DENNIS CENTRAL INDEX KEY: 0001235640 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-11499 FILM NUMBER: 03829480 BUSINESS ADDRESS: STREET 1: WATTS INDUSTRIES INC STREET 2: 815 CHESTNUT STREET CITY: NORTH ANDOVER STATE: MA ZIP: 01845 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: WATTS INDUSTRIES INC CENTRAL INDEX KEY: 0000795403 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS FABRICATED METAL PRODUCTS [3490] IRS NUMBER: 042916536 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 BUSINESS ADDRESS: STREET 1: 815 CHESTNUT ST CITY: NORTH ANDOVER STATE: MA ZIP: 01845 BUSINESS PHONE: 9786881811 MAIL ADDRESS: STREET 1: 815 CHESTNUT STREET CITY: NORTH ANDOVER STATE: MA ZIP: 01845 4 1 d1234_ex.xml J. DENNIS CAWTE X0201 4 2003-08-06 0 0000795403 WATTS INDUSTRIES INC WTS 0001235640 CAWTE J DENNIS WATTS INDUSTRIES INC 815 CHESTNUT STREET NORTH ANDOVER MA 01845 0 1 0 0 Group Managing Director Incentive Stock Option 13.40 2011-08-20 Class A Common Stock 10000 10000 D Incentive Stock Option 15.75 2012-07-21 Class A Common Stock 10000 10000 D Restricted Stock Unit 10.51 Class A Common Stock 4008 4008 D Incentive Stock Option 17.50 2003-08-06 4 A 0 15000 17.50 A 2013-08-06 Class A Common Stock 15000 15000 D Granted pursuant to the Watts Industries, Inc. 1996 Stock Option Plan in a transaction exempt from Section 16b of the Exchange Act. 2,000 shares are exercisable on each August 20, 2002, 2003, 2004, 2005 and 2006. 2,000 shares are exercisable on each July 24, 2003, 2004, 2005, 2006 and 2007. Awarded pursuant to the Watts Industries, Inc. Management Stock Purchase Plan in a transaction exempt under Rule 16b-3(d) promulgated under the Exchange Act. RSUs are awarded in lieu of all or a portion of the reporting person's annual bonus at the reporting person's election at a price equal to 75% of the fair market value of the Class A Common Stock on the date of award. Restricted Stock Units (RSUs) vest three years from the date of award and entitle the owner to one share of Class A Common Stock for each vested RSU on such date or a later date if a deferral period was selected by such owner. All or a portion of the non-vested RSUs will be canceled in the event of termination of employment, death or permanent disability. 3,000 shares are exercisable on each August 6, 2004, 2005, 2006, 2007 and 2008. Ronald W. Gorski by Power of Attorney 2003-08-06 EX-24.1 3 ex24-1.txt POWER OF ATTORNEY Exhibit 24.1 LIMITED POWER OF ATTORNEY FOR SECTION 16(a) FILINGS Know all by these presents, that the undersigned hereby constitutes and appoints each of William C. McCartney, Lester J. Taufen, and Ronald W. Gorski, signing singly, the undersigned's only true and lawful attorney-in-fact to: (1) execute for and on behalf of the undersigned, in the undersigned's capacity as an officer, director and/or stockholder of Watts Industries, Inc. (the "Company"), Forms 3, 4, and 5 and amendments thereto in accordance with Section 16(a) of the Securities Exchange Act of 1934 and the rules thereunder; (2) do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete and execute any such Form 3, 4, or 5 and any amendments thereto and timely file such forms with the United States Securities and Exchange Commission and any stock exchange or similar authority; and (3) take any other action of any type whatsoever which, in the opinion of such attorney-in-fact, may be necessary or desirable in connection with the foregoing authority, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in such attorney-in-fact's discretion. The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary, or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that such attorney-in-fact, or such attorney-in-fact's substitute or substitutes, shall lawfully do or cause to be done by virtue of this Power of Attorney and the rights and powers herein granted. The undersigned acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, are not assuming, nor is the Company assuming, any of the undersigned's responsibilities to comply with Section 16 of the Securities Exchange Act of 1934. This Power of Attorney shall remain in full force and effect until the undersigned is no longer required to file Forms 3, 4, and 5 with respect to the undersigned's holdings of and transactions in securities issued by the Company, unless earlier revoked by the undersigned in a signed writing delivered to the foregoing attorneys-in-fact. This Power of Attorney may be filed with the United States Securities and Exchange Commission as a confirming statement of the authority granted herein. IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 20th day of May, 2003. /s/ J. Dennis Cawte ----------------------------- J. Dennis Cawte -----END PRIVACY-ENHANCED MESSAGE-----